Deputy Communications Minister Felix Kwakye Ofosu of NDC says the longest ever period of sustained single digit inflation of 33 months under the NDC rule cannot be forgotten as a massive macro-economic achievement in Ghana’s history.
The main opposition party NPP in government, he said was only able to achieve single digit inflation just for a month, years back.
In his Facebook post on his wall, Deputy Communication Minister said “Despite Bawumia’s bluster, the highest ever growth rate recorded in Ghana’s history of 14.4% was recorded under an NDC government. Their highest ever growth rate of 8.4% is still lower that the NDC’s second highest of 8.8%.”
The former Central Bank Governor told the press in Accra on Wednesday that the record after 7 main budgets of the ruling NDC is absolutely not one of a “Better Ghana” than the one this government inherited in 2009.
“In the eight years of the NDC government, the size of the economy would have increased from $28.5 billion in 2008 to a projected $39.4 billion in 2016 (with oil), a 52% increase compared to the 500% increase witnessed under the NPP (without oil),” Bawumia stated.
But Deputy Communication Minister Kwakye Ofosu strongly oppose to the arguments raised by the 2016 Running mate of the opposition party NPP, describing as “hackneyed and pedestrian propaganda” made by him (Dr Bawumia).
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